Notes from a long position
Long-term positions are held through years that feel wrong. These are notes on onramp and offramp, written by someone still holding.
An Annual Review of Where Everything Sits
A single list, updated once a year, that most holders do not have and would benefit from.
October 19, 2026, 2 minMoving Bitcoin When You Do It Twice a Year
The habits that matter when you have no recent practice, and the errors that are unrecoverable.
October 14, 2026, 2 minSetting a Limit on a Stablecoin Balance
The number that should exist, how to arrive at it, and why balances grow without it.
October 9, 2026, 2 minConverting in Portions Rather Than All at Once
Execution cost, tax timing and the practical reasons a staged conversion usually beats a single one.
October 4, 2026, 2 minMoving a Position to a New Custody Arrangement
The sequence, the test transfers, and the records to preserve before leaving anything.
September 28, 2026, 2 minWhat Actually Happens If a Provider Fails
The process, the timeline, and what determines whether assets come back.
September 25, 2026, 2 minThe Annual Maintenance a Holding Actually Needs
Four tasks, one afternoon a year, and each one has caught something for people who do them.
September 19, 2026, 2 minComparing Desk Quotes When You Trade Rarely
The method takes thirty seconds and the difference on an infrequent large trade is worth considerably more than that.
September 14, 2026, 2 minEstablishing a Desk Relationship Before You Need One
Onboarding takes days when nothing depends on it and weeks when something does.
September 9, 2026, 2 minConfirmation Times When You Are Moving a Position
Slow confirmation matters for a checkout and barely at all for a holder. Where it does matter.
September 3, 2026, 2 minUsing a Stablecoin as a Conversion Buffer
Selling into a stablecoin and converting to currency separately. What it solves and what it introduces.
August 30, 2026, 2 minDo You Need a Payment Provider at All?
For a holder receiving occasional payments, the answer is frequently no. When it changes.
August 25, 2026, 2 minReceiving Income in Crypto and Keeping It
Two taxable events, two records, and the one people omit because nothing left their possession.
August 20, 2026, 2 minWhat Rebalancing Costs Over a Holding Period
Each adjustment incurs execution cost and creates a disposal. The frequency question, quantified.
August 15, 2026, 2 minThe Full Cost of Realising a Long Position
Execution, conversion, settlement and tax. Where each sits and which ones are avoidable.
August 11, 2026, 2 minChoosing a Venue When the Sale Is Large
Onboarding, depth, settlement and records. The criteria for a venue you will use once for something significant.
August 6, 2026, 2 minThe Point Where a Holding Needs Institutional Arrangements
Thresholds for custody, execution and reporting, and what each one is actually a threshold of.
July 31, 2026, 2 minWhat to Give an Accountant or Adviser
The documents that make professional advice possible, and the ones that cannot be produced afterwards.
July 26, 2026, 2 minHolding at Family Office Scale: What Changes
Custody requirements, succession and the reporting chain. The considerations that appear above a certain size.
July 22, 2026, 2 minHolding a Position Through a Company
What changes: onboarding, settlement in the entity's name, reporting, and who can move the assets.
July 15, 2026, 2 minWhich Services a Holder Actually Needs
Most crypto infrastructure is built for businesses transacting. What is relevant to someone holding a position, and what is not.
July 11, 2026, 2 minSpending From a Position: The Disposal Problem
A card funded by an appreciated asset creates a disposal per transaction. The configuration that removes it.
July 7, 2026, 2 minWhat the Framework Changed for Someone Holding a Position
Three material effects and several that people assume and are not there.
July 1, 2026, 2 minVerifying the Places You Hold, Annually
Authorisations change, entities migrate and terms are amended. A twenty minute annual check.
June 26, 2026, 2 minWorking a Large Order Over Time
Limit orders, scheduling and the trade-off against execution certainty.
June 20, 2026, 2 minSelling a Position Without Moving the Price Against Yourself
The depth test, the three routes, and the mistake that costs the most.
June 16, 2026, 2 minKeeping Bitcoin Received as Payment
The acquisition record, the confirmation wait, and the decision that should be explicit rather than default.
June 10, 2026, 2 minWhich Stablecoin and Which Network to Hold
Issuer regime, venue support and network choice. The criteria and why the network matters as much as the asset.
June 6, 2026, 2 minHolding a Stablecoin Balance: Three Exposures
Issuer, location and freeze capability. What each is, and how holders size a position accordingly.
May 31, 2026, 2 minChoosing a Provider When Receipts Feed a Long Position
Withdrawal capability and record quality matter more than the fee when the asset is not being converted.
May 26, 2026, 2 minReceiving Payment in Crypto When You Intend to Hold
Accepting an asset you plan to keep changes the calculation, and the record keeping becomes more important rather than less.
May 22, 2026, 2 minWhat Segregation Means for Someone Holding a Position
The provision that decides whether assets come back, and how to confirm which arrangement applies to you.
May 17, 2026, 2 minThe Custody Questions Worth Asking Before You Deposit
Nine questions, and the answers that should stop the process.
May 13, 2026, 2 minWhen a Custodian Makes Sense for a Long Position
Three questions, and none of them concern which key management technology is used.
May 7, 2026, 2 minSplitting a Holding Across Arrangements
Concentration is the risk that diligence does not remove. How holders divide between custody types.
May 3, 2026, 2 minWhat Self-Custody Actually Requires, Year After Year
Not buying hardware. A standing commitment that decays without deliberate maintenance.
April 27, 2026, 2 minMoving a Holding Between Networks
The cost, the risk of holding a bridged representation, and the habits that prevent the expensive mistake.
April 23, 2026, 2 minRebalancing Between Assets Without Touching Fiat
Three routes, their costs, and the record-keeping consequence that decides between them.
April 16, 2026, 2 minWhen the Bank Asks About a Large Crypto Payment
What they need, what does not answer it, and the advance notice that prevents the question.
April 12, 2026, 2 minThe Records a Long-Held Position Needs
Acquisition cost, holding history and disposal values. What to capture now because it cannot be reconstructed later.
April 7, 2026, 2 minRealising a Position: What the Process Actually Involves
Selling is instant. Everything after it is not, and the sequence rewards preparation.
April 2, 2026, 2 minWhere to Buy When You Intend to Hold
The criteria differ from those for trading. Withdrawal capability matters more than fees.
March 27, 2026, 2 minComplete the Verification Before the Position Is Large
Tiers gate withdrawals as well as purchases. Discovering that with a large balance is the wrong time.
March 23, 2026, 2 minRegular Contributions: Frequency, Fees and the Trade-Off
Buying more often smooths the entry price and costs more in fees. Where the balance sits.
March 18, 2026, 2 minBuilding a Position: What the On-Ramp Side Actually Costs
Accumulating over time means paying the entry cost repeatedly. Where it concentrates and how to reduce it.
March 12, 2026, 2 min